Zhi Sheng Group Holdings Reports 20.8% Rise in Revenue to RMB69.4 Million and Narrows Net Loss to RMB13.5 Million for Year Ended June 2025

Reuters
Sep 26, 2025
Zhi Sheng Group Holdings Reports 20.8% Rise in Revenue to RMB69.4 Million and Narrows Net Loss to RMB13.5 Million for Year Ended June 2025

Zhi Sheng Group Holdings Ltd. reported revenue of approximately RMB69.4 million for the 2024/25 reporting period, an increase of about RMB11.9 million or 20.8% compared to the previous year. The owners of the parent recorded a net loss of approximately RMB13.5 million, narrowing from a loss of approximately RMB38.5 million in the prior period. The manufacture and sale of furniture products segment achieved a gross profit of approximately RMB12.9 million, up about RMB11.3 million or 695.4% year-on-year. The gross profit margin for this segment increased to approximately 25.0% from 4.4% in the previous year. Within this segment, the original business of Sichuan Greenland saw its gross profit margin rise from approximately 2.8% to 19.8%, attributed to a greater decrease in cost of sales than the decrease in sales revenue. Administrative and other expenses, including impairment loss on assets, decreased by approximately RMB8.1 million year-on-year. Finance costs fell by approximately RMB5.2 million, and income tax expense decreased by about RMB0.005 million. Selling and distribution expenses increased by approximately RMB0.7 million, partially offsetting the decrease in losses. The company reported that the aggregate principal amount of RMB10 million invested in wealth management products issued by Zhongzhi Enterprise Group or its subsidiaries remains outstanding, with full provision for investment losses already made in past financial years. No changes to this matter were reported in the current period. The group highlighted ongoing efforts to enhance relationships with customers and suppliers, aiming to strengthen future autonomous construction capabilities.

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